Overview

• In an interview on Andy Cohen’s SiriusXM show, Stern said he is actively discussing an extension with the company.
• He said that if he stays he intends to take some form of ownership, noting he already holds SiriusXM stock.
• His current five-year agreement, widely reported at about $500 million, runs through the end of 2025.
• SiriusXM CEO Jennifer Witz said this week she believes the parties will get to the right place in the talks.
• SiriusXM has previously said it retains Stern’s content library for years even if he retires, underscoring the value of his archive in any outcome.